This research paper develops a comparative analysis between the new members states of the European Union (EU) – from Central and Eastern Europe (CEE) – and PIIGS countries (Portugal, Italy, Ireland, Greece and Spain) in terms of economic convergence with the Euro Area, in the last decade. In...

The current paper develops an analysis on the degree of business cycle convergence of the new member states of the EU towards the Euro area core (Germany, France, Italy, Belgium, Netherlands and Luxembourg) during 1996 – 2010. Unlike the previous research, the study takes into consideration...